Invesco Aaa Clo Floating Rate Note ETF (ICLO) Performance
ICLO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +3.9% since Dec 31, 2025
- 1 year
- +4.8% total return
- 3 years
- +6.1% a year
- Since first price
- +6.6% a year since 2022
ICLO trailing returns vs SPY, QQQ, AGG
| Period | ICLO total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.3% | −0.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.1% | −0.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.5% | +0.2% | +7.8% | +8.4% | −1.5% |
| YTD | +3.9% | 0.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +4.8% | −0.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +19.5%+6.1%/yr | +0.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionDec 9, 2022 | +28.1%+6.6%/yr | +1.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ICLO vs SPY
From Dec 9, 2022: ICLO grew to $12,813, SPY to $20,353.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ICLO returns by calendar year
3 of 3 full years positive. Best 2023 (+9.0%), worst 2025 (+5.3%). 2026 is year to date.
ICLO annual returns table
| Year | ICLO | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +3.9% | −0.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +5.3% | −3.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +7.0% | −0.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +9.0% | −0.8% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ICLO risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +6.1% | +6.7% |
| Volatility (annualized) | 0.7% | 1.0% |
| Sharpe ratio | 2.54 | 2.06 |
| Sortino ratio | 5.57 | 4.25 |
| Best month | +1.1% | +1.4% |
| Worst month | −0.1% | −0.4% |
| Best 12 months | +8.2% | +9.2% |
| Worst 12 months | +4.9% | +4.9% |
| Positive months | 97% | 96% |
| Beta vs S&P 500 | 0.04 | — |
| Correlation with S&P 500 | 0.63 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
ICLO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 35 | +4.7% | +5.9% | +9.2% | 100% |
| 3-year (a year) | 11 | +6.1% | +6.7% | +7.1% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
ICLO performance overview
Invesco Aaa Clo Floating Rate Note ETF (ICLO) returned +4.8% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +6.6% a year, turning $10,000 into about $12,813. Over the same year S&P 500 (SPY) returned +14.4%.
Related: ICLO chart, ICLO dividends. See the ICLO overview for the latest quote and fund facts.
ICLO performance FAQ
What is the ICLO return over the past year?
ICLO returned +4.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 0.1%.
How much would $10,000 invested in ICLO be worth?
$10,000 invested in ICLO at its first recorded close on December 9, 2022 would be worth about $12,813 on October 23, 2026 with distributions reinvested.
What was the worst year for ICLO?
The worst calendar year was 2025, with a total return of +5.3%. The best was 2023 at +9.0%.
How volatile is ICLO?
Over the past 3 years ICLO had an annualized volatility of 0.7% and a Sharpe ratio of 2.54 (excess return over 1–3 month T-bills per unit of risk).